New global commission launched to raise mining sustainability standards by 2030
Investor Commission, advised by UN Environment Programme, to develop ambitious agenda to ensure growth in mineral demand does zero harm to people and the environment
The Global Investor Commission on Mining 2030 will address key systemic risks that challenge the mining sector’s ability to meet increasing mineral demand for the low carbon transition.
The Commission’s focus areas include: Artisanal mining, child labour, the impact of automation and the future workforce, indigenous community & First Nations rights, impacts on biodiversity, climate change, tailings dams, conflict reconciliation, and corruption.
It will identify global best practice standards and disclosures, including where ‘ESG’ data can be consolidated, and where investors, banks, insurers and mineral demand side companies can align to responsible mining practices and standards.
The Commission will build on lessons of the investor-led process following the Brumadinho disaster (which happened four years ago today) that has resulted in the joint creation, with the UN and industry, of a Global Industry Standard on Tailings Management and the launch of a Global Institute to oversee mine site auditing against the Standard.
The Commission is led by institutional investors, chaired by the Church of England Pensions Board and advised by the United Nations Environment Programme (UNEP) and is jointly backed by the Archbishop of Canterbury and Archbishop of Cape Town. It is supported by the Principles for Responsible Investment (PRI), Angelica Amanda Andrade – a community member who lost her sister in the Brumadinho disaster – and CEOs of major mining companies, amongst others.
https://mining2030.org/new-global-commission-launched-to-raise-mining-sustainability-standards-by-2030/
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Hopefully this effort will lead to tangible progress in the industry by 2030.